Changpeng Zhao, CEO of Binance announced that Binance US, the new exchange dedicated exclusively to US customers will be launching within the next 2 months.
Binance is currently waiting for the approval of the Fin(CEN) and will not be available to New York customers at first because it would need another exclusive license and also obey all the rules imposed by the New York Department of Financial Services which is known for being extremely strict, especially when it comes to cryptocurrencies.
The main platform of Binance will stop being available to U.S. customers in September and Binance has said they will take more complex measures to make sure no one from the U.S. can get in.
CZ, said it’s very important to reach the U.S. market as it is one of the most important markets in the world but they want to be fully compliant first. Binance US will initially accept only 30 cryptocurrencies but will very likely add more.
The new Binance platform will be run by BAM Trading Services and will be run by former head of Ripple institutional liquidity, Catherine Coley.